earnings
confidence high
sentiment neutral
materiality 0.60
Trevi Therapeutics reports FY2023 net loss $29.1M; cash $83M; trial timelines reaffirmed
Trevi Therapeutics, Inc.
- Net loss Q4 2023 $7.8M vs $5.5M in Q4 2022; FY2023 net loss $29.1M vs $29.2M in FY2022.
- Cash, cash equivalents and marketable securities $83.0M at year-end 2023; expected runway into 2026.
- Phase 2a RIVER trial for RCC topline data expected H2 2024; enrollment continuing across multiple sites.
- Phase 2b CORAL trial for chronic cough in IPF topline expected H1 2025; SSRE expected H2 2024.
- Human Abuse Potential study over 50% enrolled; topline data expected H2 2024.